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Yum Brands missed analysts' expectations for third-quarter earnings and revenue due to regional sales declines at KFC and Pizza Hut, driven by a complex consumer environment and global tensions. Yum Brands reported adjusted earnings per share and revenue below analysts' expectations. KFC and Pizza Hut saw same-store sales fall 4%, with KFC particularly impacted by Middle Eastern conflicts, contributing to a 45% drop in regional sales since last year. Taco Bell saw a 4% rise in same-store sales, fueled by new menu items and value promotions.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Brands missed analyst expectations for third quarter earnings and revenue due to regional
00:06sale declines at KFC and Pizza Hut, driven by complex consumer environments and global tension.
00:13KFC and Pizza Hut saw same store sales fall 4%, with KFC particularly impacted by Middle
00:18Eastern conflicts, contributing to a 45% drop in regional sales since last year.
00:23Taco Bell saw a 4% rise in same store sales,
00:26fued by a new menu item and value promotion.
00:29For all things money, visit Benzinga.com.

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